Newton Latondra 4

What Happened
Newton Latondra, a director of PHINIA Inc. (PHIN), was awarded a total of 21 deferred restricted stock units (DRSUs) on June 23, 2026. The Form 4 reports two entries: 13 shares acquired at $0.00 and 8 derivative shares acquired at $0.00 (total economic equivalent of 21 shares; total cash paid $0). These were reported as awards (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-06-23; Form 4 filed 2026-06-25 (timely filing).
• Prices: $0.00 per unit (typical for equity awards); total cash value reported $0 at grant.
• Units: 13 DRSUs (noted as acquired following automatic dividend reinvestment) and 8 derivative DRSUs — 21 DRSUs total.
• Vesting/settlement: Each DRSU vests on May 22, 2027 and will settle into one share of common stock upon the reporting person's termination of board service per the Director Deferred Compensation Program and the 2023 Stock Incentive Plan.
• Additional note in filing: Includes 3,380 DRSUs that have already vested and will settle upon termination of board service.
• Shares owned after the transaction: not specified in the Form 4 beyond the vested-DRSU note above.

Context
DRSUs are deferred equity awards that are the economic equivalent of shares but typically do not convey immediate voting rights; they settle into common stock later (here, upon vesting and termination of board service). This transaction is an award/compensation event (not a buy or sell) and therefore is common for insiders receiving director compensation rather than a direct signal of immediate market sentiment.